The Accounting Records of Fine Mart Clothing Include the Following

question 113

Multiple Choice

The accounting records of Fine Mart Clothing include the following information for the year: $$\begin{array} { l r } \text { Collections of accounts receivable } & \$ 124,000 \\\text { Payments to suppliers } & 76,000 \\\text { Accrual of payables at month end } & 17,000 \\\text { Credit sales } & 115,000 \\\text { Cash sales } & 35,000 \\\text { Depreciation expense } & 12,000 \\\text { Payment for operating expenses } & 43,000\end{array}$$ What amount of net cash provided by operating activities will Fine Mart Clothing report on its statement of cash flows for the year?

• A)$19,000
• B)$31,000
• C)$40,000
• D)$28,000

Analyze statistical data to make informed decisions.

Understand and analyze personality traits using Cattell's trait theory.

Differentiate between source traits and surface traits according to Cattell's theory.

Identify the role of sems/sentiments, and ergs in shaping personality and behavior as per Cattell's theory.

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Definitions:

Excise Tax

is a tax levied on the sale of specific goods or services, like fuel, tobacco, and alcohol, usually to discourage their use or generate revenue.

Payroll Taxes

Taxes imposed on employers and employees, based on the wages paid to employees, used to fund social security and other programs.

Corporate Income Tax

A tax levied by governments on the profits earned by corporations and businesses.

Armored Personnel Vehicles

Military vehicles designed to transport personnel and equipment in combat zones, providing protection against ballistic and explosive threats.